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|The Pulse 10-27-16|
Volume 5, Issue 43.5
Since launching in January, almost 3,700 Minnesotans have opened WINcentive accounts and saved close to $2.2 million. Through the prize-linked savings program, credit union members throughout the state have won $61,000 and increased their average account balance to $591. This month, Affinity Plus Federal Credit Union, Hiway Federal Credit Union, and Mid-Minnesota Federal Credit Union presented $1,000 quarterly prizes to their members.
News outlets all over the state continue to cover stories about WINcentive. Recent media, including print, radio and TV coverage, is highlighted on the WINcentive Press Page.
“For some members, WINcentive is their first savings account,” said MnCUN Director of Communications Andrea Molnau. “For these new savers, we see not only the joy of winning cash prizes but the pride they feel for gaining a healthy saving habit.”
A new report has been published online detailing the outcomes of the WINcentive Savings program to date. If you would like more information, or would like to set up a meeting to discuss incorporating WINcentive Savings into your credit union plans for 2017, contact Ryan Smith by email or by phone at (651) 288-5533.
Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Communications Specialist Laura Whittet.
Below is a summary of the Minnesota Credit Union Network's November educational sessions. Browse the listings below and click the links for more detailed information and online registration. Look for a complete schedule on the Event Calendar section of the Network website.
Peer-to-Peer (P2P) Meetings
With the support of a generous contribution from Rich Gabrielson, certified public accountant (CPA), the Minnesota Credit Union Foundation (MnCUF) established the Financial & Audit Professionals Grant Fund in late 2014. Gabrielson retired from CliftonLarsonAllen, LLP at the end of 2013, after working with Minnesota credit union supervisory committees, boards of directors and management throughout his 36-year career.
Funding from the Financial & Audit Professionals Grant program is intended to cover or defray the costs for credit union professionals and/or volunteers to attend timely and accurate educational events, conferences and seminars on financial and audit-related topics.
Financial & Audit Professionals Grant applications will be accepted Tuesday, Nov. 1 through Wednesday, Nov. 30.
Reputable course providers include, but are not limited to, the following:
This contribution provides up to a total of $2,000 in annual grant funding. Eligible credit unions must be headquartered in the state of Minnesota, and individuals are only eligible to receive Financial & Audit Professionals Grant Fund dollars, with a maximum of $1,000, every four years. Grants will be available on an annual basis until the fund is exhausted.
Grant recipients will be notified within two weeks of the MnCUF Board’s selection. Grant funds must be used by Dec. 31 of the following year, and recipients must submit proof of registration as well as a grant follow-up form.
With questions, contact MnCUF Executive Director Lyndsay Miller by email or by phone at (651) 288-55517.
In recognition of his illustrious career as a credit union leader, one defined by bold risks, deep generosity and resolute adherence to the core values of the movement, the National Credit Union Foundation (the Foundation) is has announced Stan Hollen, retired President/CEO of CO-OP Financial Services, as the recipient of a 2017 Herb Wegner Memorial Award for Outstanding Individual Achievement.
Hollen’s award will be one of three Herb Wegner Memorial Awards presented at a special dinner hosted by the Foundation at the Marriott Marquis Washington on Feb. 27, 2017 in conjunction with the Credit Union National Association’s 2017 Governmental Affairs Conference (GAC).
“Stan Hollen is unquestionably a ‘true giant’ among credit union leaders and bold visionaries,” said Bill Raker, Chairman of the CO-OP Shared Branching Board of Directors and President/CEO of Firefly Credit Union. “Stan’s championship for the value of credit unions has been unwavering. After a noteworthy 45-year career in credit unions, Stan has left a legacy that will long be appreciated and celebrated by those fortunate to be among the many who have enjoyed the privilege and opportunity to know and work with him.”
Earlier this year, Hollen joined 38 other individuals honored with the Minnesota Credit Union Foundation’s Credit Union Builder Award. The names of the recipients and the contributing credit unions are permanently displayed in the Minnesota Credit Union Network’s lobby as a tribute to their accomplishments.